Official announcement from Vana or press release

Vana Secures $25M in Funding Led by Coinbase Ventures and Paradigm

Sep 18, 2024, 06:45 AM

Vana, a network focused on user-owned data, has secured $25 million in funding to advance its mission of creating a network for user-owned AI and overcoming data limitations faced by researchers. The funding round was led by Coinbase Ventures with a $5 million strategic investment, alongside contributions from Paradigm, which provided $18 million in Series A funding, and Polychain Capital, which contributed $2 million in seed funding. Other notable backers include MH Ventures, GSR, and DeFiance Capital. Vana aims to unlock data from walled gardens through the power of data DAOs, addressing the 'Data Wall' challenge that AI developers face.